AJ Impact

Argentina pushes $65bn debt deadline as default risk rises

Argentina is racing to revamp debts amid high inflation and increasingly expensive borrowing costs.

Argentina pushes $65bn debt deadline as default risk rises

AJ Impact

Lebanon depositors to get 'market rate' dollars in local currency

Since October, the Lebanese pound lost about 50 percent of its value according to a 'parallel market' for the currency.

Lebanon depositors to get 'market rate' dollars in local currency

AJ Impact

Japan's January inflation ticks up, but economic pressures remain

Japan's central bank may take additional measures to curb the economic effects of the coronavirus, its governor says.

Japan's January inflation ticks up, but economic pressures remain

AJ Impact

Venezuela's currency: Worth more as craft paper than as money

Crafts made from devalued money underscore the creative ways Venezuelans extract value from their decimated currency.

Venezuela's currency: Worth more as craft paper than as money

AJ Impact

Japan's shoppers pay more for sushi, ice cream as inflation rises

But consumer demand remains weak as core inflation, which excludes food prices and sales tax rise, barely increases.

Japan's shoppers pay more for sushi, ice cream as inflation rises

AJ Impact

Argentina wants to hike taxes on farm exports and foreign assets

The proposed tax increases come as the government gets set to restructure about $100bn in debt obligations.

Argentina wants to hike taxes on farm exports and foreign assets

AJ Impact

As Zimbabwe's doctors strike, pregnant women search for care

Doctors' wages have been decimated by hyperinflation, and as they strike for better pay, hospitals turn away patients.

As Zimbabwe's doctors strike, pregnant women search for care

AJ Impact

Zimbabwe's president says there is no going back to dollarisation

Critics say the government should allow the use of US dollars and other currencies to tame soaring prices in Zimbabwe.

Zimbabwe's president says there is no going back to dollarisation

AJ Impact

Turkey's central bank surprises with another deep rate cut

Bold move comes as lira stabilises and Turkey emerges from recession.

Turkey's central bank surprises with another deep rate cut

Africa

On brink of 'man-made' starvation, Zimbabweans struggling to cope

Shifting policies on land reform and food subsidies by successive governments have contributed to the dire situation.

On brink of 'man-made' starvation, Zimbabweans struggling to cope

AJ Impact

China's consumer prices soar, but producers see continued slump

A sharp increase in pork prices masked weak domestic demand as China struggles to boost flagging economic growth.

China's consumer prices soar, but producers see continued slump

AJ Impact

Petrol rationing and price hikes take Iranians by surprise

Drivers in Iran were caught off-guard by snap plan that includes a steep increase in the cost of motor fuel.

AJ Impact

Two years after coup, Zimbabweans still long for economic change

As the country grapples with another economic crisis, some wonder what has changed since Mugabe was ousted from power.

Two years after coup, Zimbabweans still long for economic change

AJ Impact

Chile central bank to offer up to $4bn to facilitate liquidity

Central Bank President Mario Marcel said the country's fiscal position remained 'solid' despite the peso's volatility.

Chile central bank to offer up to $4bn to facilitate liquidity

AJ Impact

US Fed Chairman: 'Monetary policy is in a good place'

Powell says he is satisfied with current interest rates but flags economic risks from slowing growth, trade disputes.

US Fed Chairman: 'Monetary policy is in a good place'